Pursuant to the FSF mandate, the questionnaire circulated to member authorities solicited their individual views on potential unintended consequences of their use of credit ratings in LRSPs (ie, the appearance of a “seal of approval”). In preparing their responses to this portion of the questionnaire, member authorities were not expected to conduct any independent research on the issue, but instead simply to convey their broad impressions and preliminary views. As such, the summary of these views in this report should not be construed as a definitive survey of member authorities’ positions; the report expresses the range of viewpoints expressed by.
